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Old 07-18-2013, 03:36 PM
 
329 posts, read 398,844 times
Reputation: 316

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what town will be next.?

even a 8 years old kid could have keep the town running.
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Old 07-18-2013, 03:56 PM
 
Location: North Austin
217 posts, read 273,276 times
Reputation: 139
Quote:
Originally Posted by cheapcharly View Post
even a 8 years old kid could have keep the town running.
Not when all the residents behave like 8 year old kids.

*hands out and expecting an allowance*
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Old 07-18-2013, 04:02 PM
 
4,232 posts, read 6,055,987 times
Reputation: 10095
There's a lot comments that could be made on this, but some might consider them offensive and very un-politically correct.
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Old 07-18-2013, 06:43 PM
 
Location: SF Bay Area
13,343 posts, read 17,395,875 times
Reputation: 19654
Detroit? Bankrupt? How can you tell?
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Old 07-18-2013, 06:53 PM
 
2,349 posts, read 4,472,454 times
Reputation: 2967
Quote:
Originally Posted by cheapcharly View Post
what town will be next.?

even a 8 years old kid could have keep the town running.
I noticed your post was dated July 18, 1974.
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Old 07-18-2013, 07:02 PM
 
2,759 posts, read 3,421,629 times
Reputation: 3087
Quote:
Originally Posted by Kosmonaut View Post
Not when all the residents behave like 8 year old kids.

*hands out and expecting an allowance*
yep, hands out, expecting $$$ for doing nothing
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Old 07-18-2013, 08:03 PM
 
Location: Nebraska
1,886 posts, read 2,297,215 times
Reputation: 5321
From what I'm hearing Detroit is 20 billion in debt. The pensions will be paid at 10 cents on the dollar.
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Old 07-18-2013, 08:25 PM
 
48,516 posts, read 83,890,268 times
Reputation: 18049
No; that was the offer by the state manager to pension funds which was rejected. From what was once touted as the shining example of middle class city to this; its a shame.
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Old 07-19-2013, 12:26 AM
 
Location: Tucson/Nogales
17,372 posts, read 21,218,356 times
Reputation: 24198
North Las Vegas, a separate city from Las Vegas, a city of 150,000. Tick-tick-tick goes the clock!

The legislature just authorized the city to use their funds for infrastructure repairs to help fund their daily operations. Somehow, some way, you gotta pay those $85,000 a year police salaries up there!
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Old 07-19-2013, 08:54 AM
 
Location: Upstate NY
35,422 posts, read 10,481,794 times
Reputation: 33450
I read that there are only about 22 blocks on which homeowners pay property taxes. When a municipality can't even collect its taxes, it's got a problem.

BTW, this entire issue of bankruptcy for towns/cities/states will be watched closely, especially where pensions are an issue. Here in NY, even though pensions are fully funded (so far), I blame unions for what might become a future problem. That "no diminishment/impairment" clause can be overturned via proper procedure but, if these cities prevail in jettisoning their pension obligations through bankruptcy, that won't even be necessary.
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